Page 92 - Real Estate

Led by GCCs, commercial realty leasing to touch all-time high in 2024: JLL

Data shared by the consultancy said that during the April-June quarter, all top seven cities in the country recorded gross leasing volumes of at least 1 msf for the first time

Led by GCCs, commercial realty leasing to touch all-time high in 2024: JLL

Data shared by the consultancy said that during the April-June quarter, all top seven cities in the country recorded gross leasing volumes of at least 1 msf for the first time

Warehouses are hot property! At $2.5 bn, realty investments touch 3-yr high

India's real estate market sees a record-breaking $2.5 billion investment in Q2 2024. Warehousing takes center stage with 61% of the investment, followed by a surge in residential interest

Puravankara hits 52-week high on acquiring 7-acre land parcel in Bengaluru

The uptick in stock price came after the company announced that it has acquired a 7-acre land parcel in Hebbagodi, Bengaluru

K-shaped recovery keeping retail real estate on its toes, say experts

Consumption by a wider section of society needed, they say

Gurugram, Dwarka lead premium property boom with upto 53% price rise

In Gurugram, the average capital values of completed and under-construction properties hit a fresh peak with 37 per cent and 30 per cent, year-on-year growth registered at city level, respectively.

Budget 2024: Real estate sector bats for revival of affordable housing

Industry executives say the definition of 'affordable homes' should be changed in terms of price

Concorde acquires 1.6 acre land in Bengaluru for Rs 200 cr housing project

Realty firm Concorde on Thursday said it has acquired a 1.6-acre land parcel in Bengaluru to develop a housing project with a revenue potential of Rs 200 crore. "Set to be a premium high rise residential complex, this joint development will have a gross development value (GDV) of Rs 200 crore," the company said in a statement. The proposed project, located on Sarjapur road, will have a developable area of around 2.25 lakh square feet. "This acquisition reinforces our commitment to delivering innovative and high-quality living spaces that meet the evolving needs of modern homebuyers in strategic locations," Nesara B S, Chairman at Concorde, said. To expand business amid strong consumer demand, real estate developers are buying land outright and are also forming partnerships with landowners to develop projects. Concorde is one of the leading real estate firms in the country.

Big US banks withstand Fed Reserve's commercial real estate shock scenario

The results, released on Wednesday by the Fed, examine whether banks would be able to continue lending to households and businesses in the event of a severe global recession

Meghna Infracon skyrockets 19% on unveiling residential project in Mumbai

Shares of Meghna Infracon Infrastructure surged up to 19 per cent, hitting its 52-week high at 268 per share on the BSE in Wednesday's intraday trade

Sattva Group to invest Rs 12-14K cr in next 3 yrs to build infra projects

Realty firm Sattva Group will invest Rs 12,000-14,000 crore over the next three years to build housing, office and hotel projects and is in talks with PE major Blackstone to launch REIT for monetisation of commercial assets. Bengaluru-based Sattva Group is one of the leading real estate developers in India. It has completed 140 projects comprising 80 million square feet area in the last 30 years. Around 23 million square feet of area is under construction and 65 million square feet is in the pipeline. Addressing a press conference here, Sattva Group Managing Director Bijay Agarwal said, "We are very bullish on the real estate market. We will be investing Rs 12,000-14,000 crore over the next three years across residential, commercial and hospitality verticals." The investments will be funded through equity, debt and internal accruals, he said, adding that the company might raise equity funds at the project level if needed. Agarwal noted that the demand for the residential segment ha

Krisumi to invest Rs 2,000 crore for 1,051 new luxury homes in Gurugram

The project will have a total developable or built-up area of 2.3 million square feet. It is expected to be completed in December 2029

Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 cr in FY25

South India-based real estate developer Sumadhura Group on Friday said it is eyeing over three-fold growth in its turnover for 2024-25 to Rs 5,000 crore, mainly aided by new offerings. Sumadhura Group, with a 30-year legacy, also announced a new logo and tagline "Foundation of Happiness", a company statement said. According to the statement, this new identity reflects the contemporary image that aligns with Sumadhura's current growth, resonates with the target markets, and strengthens the group's position in the competitive landscape. Sumadhura Group CMD Madhusudan said, "Sumadhura group scaled up the offerings in 2024-2025 with a target of 5,000 crore projected turnover from the residential sector from Bangalore and Hyderabad on the back of aggressive launches. In 2023-24, we sold real estate worth 1,500 crore". The commercial and warehousing offerings will be over and above the residential segment, adding to the overall portfolio and scale of group operations, he added. The new

Union Budget 2024-25 brings high expectations for real estate sector

Expectations are high as the Modi 3.0 government prepares to unveil reforms aimed at boosting housing, office spaces, and commercial areas amid rising demand

Real estate sector sees debt sanctions of Rs 9.63 trn during 2018-23

Real estate sector saw debt sanctions of Rs 9.63 lakh crore during 2018-23 and there is an opportunity of debt financing of Rs 14 lakh crore in the next three years, according to a report by JLL India and Propstack. In their joint report -- 'Decoding Debt Financing: Opportunities in Indian Real Estate', JLL India and Propstack said the real estate sector in India witnessed debt sanctioning amounting to Rs 9,63,441 crore in the last six years. This averages to Rs 1,61,000 crore per annum. "The total debt market has a potential of Rs 14,00,000 crore (USD 170 billion) financing opportunity in Indian Real Estate between 2024-2026," the consultant said. Upon analysing the sanctioned debt numbers across the top seven cities, the report said that Mumbai, Delhi-NCR, and Bangalore accounted for 80 per cent of the total debt sanctioned in the last six years, demonstrating their importance in the real estate market. "However, challenges such as the IL&FS and NBFC crisis in 2018 and the ...

Housing sales likely to decline 2% in Apr-June across top 9 cities

Housing sales are estimated to decline 2 per cent to nearly 1.20 lakh units in the current quarter across nine major cities, mainly due to lower demand in Hyderabad and Pune, according to PropEquity. Real estate data analytic firm PropEquity on Thursday released housing sales data for April-June, 10 days before the end of the quarter. As per the data, housing sales in April-June are estimated to fall at 1,19,901 units as against 1,21,856 units in the year-ago period. In Delhi NCR, sales of residential properties are likely to rise to 10,198 units during April-June this year from 9,635 units in the year-ago period. Housing sales in Bengaluru are likely to rise to 15,127 units from 15,088 units. In Chennai, the sales are likely to fall to 4,841 units from 4,950 units. Sales in Hyderabad are estimated to decline 20 per cent to 15,016 units from 18,757 units. In Kolkata, sales are likely to rise to 5,130 units from 4,025 units. Housing sales in Mumbai are estimated to fall marginal

AIF investments top Rs 4 trillion, commitments cross Rs 11 trillion

Biggest deployment made in real estate sector followed by IT and financials

Prestige Estates shares slump 5% on plans to raise capital via QIP

Prestige Estates shares dropped up to 5 per cent at Rs 1,837 per share on the NSE in Wednesday's intraday trade

Spiritual tourism to infra: 17 tier-II/III cities are next realty hotspots

Coimbatore, Indore and Kochi, amongst others emerged as locations having high potential as satellite office markets.

Key infrastructure sectors, realty may attract Rs 15 trillion by FY26

The Centre has changed a number of clauses in its model concession agreement to ease the market's woes, but it remains to be seen whether these will be appreciated by the sector